Southern Mutual Help Association, Inc.s mission is to build strong, healthy and prosperous rural communities, with a special emphasis on women, low-income families and people of color.During the 2015 calendar year, Southern Mutual Help Association, Inc. (SMHA)Helped 11 families achieve first-time homeownership, connecting them with $1,257,442 in affordable mortgage capital and down payment assistance grants/soft second mortgages;Continued our work building community capacity and resident leadership in revitalizing the culturally significant, historically African-American 600-acre West End of New Iberia In Iberia Parish, Louisiana;Through Teche Ridge LLC, completed infrastructure construction for Phase 1A of Teche Ridge, our innovative mixed-income, mixed-use Traditional Neighborhood Development in Iberia Parish, Louisiana;Began construction on Teche Ridge Showcase Home.
Note: Some ratios are only available for organizations completing the detailed IRS Form 990.
Smaller organizations that choose to complete the Form 990-EZ do not report on this variable.
The Foundation's Number of Days of Cash on Hand does not take into account the cash in an operating reserve fund maintained by the Foundation. Expenditures include grants from all Foundation funds and are not indicative of the day-to-day operations of the Foundation.
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